EDCOR NEWSLETTER
Student Loans Aren’t Going Anywhere
Given what’s been going on with the political climate, much of how inflation, recession, or the Department of Education is going to play out is untold. However, if we can say one thing confidently, it is that those student loans aren’t going away, and your employees still need to pay them.
According to the Student Loan Debt Statistics for 2025:
- Student loan debt in the U.S. has crept up to $1.777 trillion
- Federal student loan debt amounts to 92.2% of all student loan debt
- Private student loan debt stands at 7.79% of all student loan debt, including $29.3 billion in refinance loans
- Average federal student loan debt balance is $38,375
- Total average student loan debt balance (including private loans) is up to $41,618
A Gallup survey has shown that as a result of Student loan debt, 71% of people put off buying homes, cars, and other big life goals like starting a family. Financial stress not only has an impact on your employees’ mental health it also lowers job performance.
The rising cost of education and the burden of student loans have made loan assistance a sought-after benefit. Employers can support employees by contributing directly to their loan repayments or providing financial planning resources. Edcor can help your organization design the Student Loan Repayment benefit to reach strategic goals such as recruitment or retention, automate it, and then manage the day-to-day moving forward.
Click on Learn More to keep reading.
CEO’S CORNER
Happy Spring! I hope the warmer days and blooms are bringing cheer to you. I’ve been on the road for the better part of March and April with Sara Van Wagoner, sharing our knowledge and ideas with the HR community at Consero’s Total Reward Roundtables and the ASHHRA Annual Conference. I’m pleased with the way our knowledge was received and appreciated. Aligned to our recommendation, the industry is moving towards a more holistic outlook on Education benefits and focusing on the strategic edge it lends to your benefit portfolio.
In May, we will deliver a deep dive session at Total Rewards World at Work on sustaining a high-performing workforce and strategies on investing in holistic growth through your benefits portfolio. We aim to move beyond theoretical discussions, providing practical takeaways that HR leaders can implement immediately. We’re thrilled to connect with fellow leaders, share our insights, and learn from the many experiences of attendees. Together, we can redefine what it means to lead in a growth-focused world. We hope to see some of you there.
Let’s future together!
Adrienne L. Way, Edcor Owner, President, and CEO
INDUSTRY ARTICLES
Read these articles to see how Edcor partner schools are leading the way in higher education with innovative programs and ideas.
- What Is the AWS Machine Learning Certification?
- The Future of Nursing: Why More RNs Are Earning Their BSN
- What Jobs Can You Get with a Healthcare Administration Degree?
- Industrial and Organizational Psychology is a Growing Area of Study
- Nurturing Internal Talent: Building a Resilient Healthcare Workforce with Skills Intelligence
ARTICLES OF INTEREST
Gain information and insight from Edcor’s partner schools in these articles:
- Nontechnical Careers in Cybersecurity
- Read Nayleth Ramirez’s inspiring story
- How to Choose an Online MBA Program
- What Are the Fastest-Growing Jobs in 2025?
- B Corp Impact Report: Sustainability and Well-Being
- How a Working Student and Mom Learned to Believe
- Black Business Expo serves as a growing celebration
- Your Path To Leadership In Healthcare Administration
- Why Choose an RN to BSN Program for Your Nursing Career?
- Unlock Your Future: The Human Side of Project Management Certification
SCHOOL NETWORK UPDATES
Edcor partner schools respond to the needs of client employees with new course offerings and programs. Read about the steps these schools are taking to serve their students.
- Explore RPI’s Pathbreaking Procourses
- Why Study Psychology at Purdue Global?
- ACHS Leads Innovation with AI Pitch Fest
- Save on Tuition with a Degree from Excelsior University
- You’re invited to Immaculata’s on-campus Information Session
- Indiana Fever GM Amber Cox returns to her Columbia College roots
- Successful Teams: How to Build Strong Relationships in the Workplace
- Learn more about Health Administration M.S. program at Robert Morris University
- Explore MSU’s Professional Certificate in Supervisory Management & Leadership
- Earn Credit for Work and Life Experience with Etown’s Credit for Prior Learning Pathway
